U.S. Department of Commerce Finds In LG's Favor In Washing Machine Countervailing Duty Investigation

      U.S. Department of Commerce Finds In LG's Favor In Washing Machine
                      Countervailing Duty Investigation

LG Electronics Disputes Dumping Margin Determination, Reiterates LG Imports
Have Not Injured Domestic Industry

PR Newswire

WASHINGTON, Dec. 19, 2012

WASHINGTON, Dec. 19, 2012 /PRNewswire/ -- The U.S. Department of Commerce
today found in favor of LG Electronics USA and will not issue a countervailing
duty order against imports of LG washing machines from Korea.

(Logo: http://photos.prnewswire.com/prnh/20110203/CG42292LOGO-d)

In the countervailing duty investigation brought by Whirlpool Corporation
against imports of washers from Korea, the Commerce Department issued a
"negative final determination" for LG based on its finding that LG washing
machines imported into the United States are not subsidized by the Korean
government.

In a related antidumping investigation, also brought by Whirlpool, LG
Electronics USA said it disagrees with the Commerce Department's "affirmative
final determination" of a 13.02 percent dumping margin covering imports of
LG's washing machines from Korea.

At the U.S. International Trade Commission (ITC), LG Electronics will continue
to make its strong case that imports of LG washing machines from Korea have
not injured the domestic industry. The ITC's decision on the injury issue is
expected in January 2013.

According to Wayne Park, President and CEO of LG Electronics USA, the
company's success in the home laundry segment in the United States has been
the result of its commitment to innovating and providing U.S. consumers with
state-of-the-art washers that set the industry standard for efficiency,
reliability and design.

"LG is committed to full compliance with U.S. trade laws," Park said. "LG
Electronics USA and our 2,000 U.S. employees are disappointed, and we will
contest the Commerce Department's decision, which would harm U.S. retailers
and consumers by artificially raising prices on some of the country's most
popular washing machines. We look forward to continuing to make the facts of
the case clear before the ITC."

About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North
American subsidiary of LG Electronics, Inc., a $49 billion global force and
technology leader in consumer electronics, home appliances and mobile
communications. In the United States, LG Electronics sells a range of stylish
and innovative home entertainment products, mobile phones, home appliances,
commercial displays, air conditioning systems and solar energy solutions, all
under LG's "Life's Good" marketing theme. For more information, please visit
www.lg.com.

About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology
innovator in consumer electronics, mobile communications and home appliances.
With 117 operations around the world, LG achieved global sales of USD 49
billion (KRW 54.26 trillion) in 2011. LG comprises four business units – Home
Entertainment, Mobile Communications, Home Appliance, and Air Conditioning &
Energy Solutions – and is one of the world's leading producers of flat panel
TVs, mobile devices, air conditioners, washing machines and refrigerators. LG
Electronics is a 2012 ENERGY STAR® Partner of the Year.

SOURCE LG Electronics USA

Website: http://www.lg.com
Contact: John I. Taylor, LG Electronics USA, +1-847- 941-8181,
john.taylor@lge.com